Legal spotlight

Seven deadly sins

The Market Abuse Directive which was introduced in the UK on July 1 is having a big impact on business, not only on firms authorised by UK regulator the Financial Services Authority (FSA) but also on publicly traded companies and those transacting with them. The directive is one element of the EU's Financial Services Action Plan and forms a key part of its ambitions to enhance market integrity across the EU.

Although the regime introduced by the directive is broadly similar to

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